N197bn Contract Scandal Exposed by Auditor-Generals Report

Auditor-General uncovers widespread contract fraud in MDAs worth over N197 billion. The irregular payments are linked to various ministries, departments, and agencies across the country.

The Auditor-General of the Federation has uncovered a major contract fraud scandal involving irregular payments worth over N197 billion across multiple ministries, departments, and agencies. According to the report, this excessive expenditure raises serious concerns about transparency and accountability in government procurement processes. The audit findings have shed light on widespread malpractice and mismanagement of public funds by some MDAs, prompting an urgent review of these contracts. This discovery is likely to spark a renewed focus on strengthening internal controls and ensuring adherence to fiscal regulations.